Mining capacity of $5k worth of hardware as of November?

[deltaqueue]

How long would it take to mine a bitcoin with $5k worth of dedicated hardware running 24/7? I have access to facilities that don't charge for power consumption, so this seems like an ideal application (until they start charging!).

TIA

[fordlincoln]

It would depend upon the quality of your Mining rig and/or how much you are paying per GH/s

For example:

Butterfly Labs
Product: BitForce Single ‘SC’   
Mhash/s: 50,000   
Watts: 50   
Price:$2,499

Current
Difficulty Factor: 609482679.888
Exchange Rate: 523.51112 ($/BTC)

This Difficulty
Coins   Dollars
per Day   0.04125683 BTC   $21.60
per Week   0.28879784 BTC   $151.19
per Month   1.25420776 BTC   $656.59

[viridisk]

You can check out Mining dashboard. It's possible to enter all sorts of parametes there: http://mining.thegenesisblock.com/

[PenAndPaper]

Keep in mind that you should do your calculations based on when a miner is to arrive.
http://mining.thegenesisblock.com/ is useful at that.

[fiddelingones]

If your buying from manufacturer, delivery times are from week to months. Be sure to check other experience about delivery times of specific manufacturer before ordering

[sepehr]

Also check this mining calculator here:

http://www.alloscomp.com/bitcoin/calculator

[deltaqueue]

Wow, looks like mining is totally worthless unless you have a Monarch RIGHT NOW. Difficulty scales too quickly to justify a positive ROI.

Does this mean people will stop mining in 2014 and supply will hold steady (raising prices rapidly)? Probably too philosophical for the newbie forum.

[PenAndPaper]

Wow, looks like mining is totally worthless unless you have a Monarch RIGHT NOW. Difficulty scales too quickly to justify a positive ROI.

Does this mean people will stop mining in 2014 and supply will hold steady (raising prices rapidly)? Probably too philosophical for the newbie forum.

IF people stop mining then there will be no bitcoin since transactions need to be confirmed.